Reply to Smart career nannies do this

Forum Index » General Discussion

Reply to "Smart career nannies do this"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]With that kind of attitude, you'll be a nanny complaining about wages until old age. Look around you. Within a 3 mile radius of me, there are 2 home daycares. They have been in business for years, way before I moved in. They are successful. How are they doing it? If you make excuses for yourself, you'll get no where, except find yourself complaining about wages on DCUM.

[quote=nannydebsays][quote]I've heard too much ... uh... spirited debate on the pay for nannies.

How much HHI would nanny need to buy a home in the "Right Zone"? If nanny (and spouse if one exists) is not able to afford such a home, then what?[b]
You may be in the right zone already. It may be a residential area, I'm not sure. All the daycares around me are in residential areas so you may be in the right zone already. I'm sure it depends what county or city you live in. It's not that hard to find out, instead of criticizing what a bad idea this is and saying it is too hard without even finding out.[/b]

Well, 12 - 13 kids is only feasible if the home one is able to afford in the right zone is large enough to allow 12 - 13 kids to attend said daycare. I would guess there are square footage regulations - the 60 page booklet on family daycare for my state says there must be a minimum of 35 sq ft of space per child, so 13 kids would need at least 455 sq ft, or a room 20 x 23. Frankly, I wouldn't leave my kid in a 20 x 23 room with 12 other kids and 3 - 4 adults. EVER. (Oh, and in my state, family daycare is limited to 6 kids unrelated to the owner.)

So let's look at your math now. 300 x 5 = 1500 a week. I have 1 FT helper, and pay her 8/hour for 40 hours/week, and one PT helper, paid 8/hr for 20 hours/week.. I am open from 7a - 7p, which I had to do to find 5 clients willing to pay $300/week. Food costs for the 5 kids I have are about $200/week, because I offer more than the bare minimum required food - I get clients that way as well, who prefer their kids eat healthy food that isn't pre-packaged, and I offer 3 meals and 2 snacks per day. My 1500 sq ft home costs me $250/week, and the only rooms large enough to use for my daycare are the main living room and the largest secondary bedroom. That means a bit of stress, since I have to maintain those rooms for inspection at any time - NO FUN! Plus, my fairly small kitchen has to hold my groceries and all the dc food. And taxes are also an issue - I pay 15.3% SS/Med taxes because I am self employed, and I also lose another 10% in fed/state taxes even with all my deductions. I have to also pay employment taxes of 10% for my employees on their weekly combined wages of $480.

Earnings = $1500/week

Expenses = 480 + 200 + 250 + 229.5 + 150 + 48 = $1357.50

So now I have earned $142.50 for a 70+ hour work week, and I haven't paid my car note, my insurance bills, my food costs, or pretty much anything else except my mortgage. I have earned a grand total of around $2 an hour, and I have to live at work. Sign me the hell up NOW, because that's just exactly the life I aspire to!

Oh hell, I forgot the $50/week for the 5 year loan I had to take out to fully equip my home day care

[b]Do you not live in any kind of home already or are you going to tell me you are homeless now so you have no housing expenses? Only the amount of house that you would otherwise not buy if you were not having daycare should be counted in this calculation.

Before you hire anyone, you should get children first, and build up the staff as you get children. So, don't worry about the staff. You do not have to incur that expense unless you have the income to support it.

Anyway, nannydeb really sounds unmotivated and anyone with that kind of attitude would surely fail. But for others smart and motivated enough, they should look into it. Many others have. Some even grow it into a center. 
[/b]

Right. If this is such a great idea, maybe you should do it!
[/quote][/quote]
[b]
I'll keep it in mind, if I ever want to do it. I'm just trying to help the nannies here who are complaining about low wages. I already have my salaried job that will pay me enough to pay for my house, nanny, etc. I got that through hard work, putting myself through engineering school and getting my masters degree through night school. Not finding everyone else in the world to blame for me not having money and targeting those around me and thinking they should just give it to me for the sake of humanity.[/b][/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics